General Motors Fortifies Balance Sheet in Response to COVID-19 2020-03-24 DETROIT – General Motors (NYSE:GM) announced today that it intends to drawdown approximately $16.0 billion from its revolving credit facilities. This is a proactive measure to increase GM’s cash position and preserve financial flexibility in light of current uncertainty in global markets resulting from the… Continue reading @GM: General Motors Fortifies Balance Sheet in Response to COVID-19
Tag: Mobility
@Toyota: NTT and Toyota Enter into Memorandum of Understanding Concerning Business and Capital Alliance Agreement
In the automotive market, the automotive industry itself is undergoing a major transformation due to the complex combination of diversifying market needs, tightening environmental and safety regulations, the sophistication of advanced technologies, entrance by other industries, and the diversification of the mobility business, etc. Meanwhile, in the telecommunications market, the use of various digital services… Continue reading @Toyota: NTT and Toyota Enter into Memorandum of Understanding Concerning Business and Capital Alliance Agreement
Toyota and NTT in tie-up for $1.8bn smart city project
TOKYO — Toyota Motor and Nippon Telegraph and Telephone have decided to sign a capital and business tie-up deal, Nikkei learned Tuesday. The companies, which will spend a total of some 200 billion yen ($1.81 billion), will bring together their respective technologies for a project to build a smart city to start in 2021 on a former Toyota plant site… Continue reading Toyota and NTT in tie-up for $1.8bn smart city project
WABCO and ZF Announce Expected Closing of the Merger in the Second Quarter of 2020
BERN, Switzerland and FRIEDRICHSHAFEN, Germany, March 24, 2020 (GLOBE NEWSWIRE) — WABCO Holdings Inc. (“WABCO”) (NYSE: WBC) (www.wabco-auto.com) and ZF Friedrichshafen AG (“ZF”) today announced that they have received all approvals from regulatory authorities required to close their previously announced merger, with the exception of the Chinese State Administration for Market Regulation (“SAMR”). WABCO and… Continue reading WABCO and ZF Announce Expected Closing of the Merger in the Second Quarter of 2020
Mercedes-Benz: EV development is more important than self-driving cars – The Next Web
German automaker Mercedes-Benz has said that it’s putting the brakes on developing self-driving cars. Earlier today, News.com.au reported that Ola Kallenius Daimler chair and Mercedes head of cars spoke to journalists, telling them the company is shifting its approach away from self-driving cars. [Read: Nearly 90% of Americans don’t trust self-driving cars] In the near… Continue reading Mercedes-Benz: EV development is more important than self-driving cars – The Next Web
All-electric APEX AP-0 hypercar launched in London
APEX, the British sports car manufacturer, has pulled the covers off its all-new, all-electric hypercar – the AP-0. While it carries the outrageous look of the current crop of electrified exotica, including the Lotus Evija, Pininfarina Battista and Rimac C_Two, the AP-0 will be much less expensive: it’ll carry a £150,000 price tag (plus local… Continue reading All-electric APEX AP-0 hypercar launched in London
SoftBank nears deal to invest in Didi’s self-driving unit – The Information
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo/File Photo (Reuters) – SoftBank Group Corp is close to finalizing a deal to lead a $300 million investment in the autonomous driving unit of Didi Chuxing, news website The Information reported… Continue reading SoftBank nears deal to invest in Didi’s self-driving unit – The Information
LiDAR Start-Up Blickfeld closes Series A with participation of Continental and Wachstumsfonds Bayern – Green Car Congress
Munich-based LiDAR start-up Blickfeld has completed its Series A financing round. The new financing was led by the venture capital unit of Continental together with Wachstumsfonds Bayern, which is managed by Bayern Kapital, with participation of the existing investors Fluxunit – OSRAM Ventures, High-Tech Gründerfonds, TEV (Tengelmann Ventures) and Unternehmertum Venture Capital Partners. Blickfield’s Cube… Continue reading LiDAR Start-Up Blickfeld closes Series A with participation of Continental and Wachstumsfonds Bayern – Green Car Congress
@GM: Unifor, FCA Canada, Ford Canada, GM Canada Working Together to Protect Auto Employee Health and Safety During COVID-19/Coronavirus Emergency
Unifor, FCA Canada, Ford Canada, GM Canada Working Together to Protect Auto Employee Health and Safety During COVID-19/Coronavirus Emergency 2020-03-17 OSHAWA, Ont. (March 17) — Leaders at Unifor, FCA Canada, Ford of Canada, and General Motors of Canada today announced a joint task force to implement enhanced protections for manufacturing and warehouse employees at all… Continue reading @GM: Unifor, FCA Canada, Ford Canada, GM Canada Working Together to Protect Auto Employee Health and Safety During COVID-19/Coronavirus Emergency
@GM: GM Announces Executive Leadership Changes
GM Announces Executive Leadership Changes 2020-03-18 Matt Tsien Named Chief Technology Officer Craig Buchholz Named Senior Vice President, Global Communications Julian Blissett and Steve Kiefer Named to New or Expanded Roles Tony Cervone and Jon Lauckner to Retire DETROIT — General Motors (NYSE: GM) today announced the following senior executive changes: The new appointments are effective… Continue reading @GM: GM Announces Executive Leadership Changes